In 2016, SUCCESS introduced YouEconomy, an economy where you own your path to success.
One of the trickiest features of YouEconomy is that it's always on the move. It's constantly changing, which is why you need to capitalize on the latest trends and project into the future in order to stay ahead of the curve and bring unique value to the market.
So how do you successfully long term an ever-changing YouEconomy?
Related: Do you have what it takes to be part of YouEconomy?
1. Activate your existing skill set in a new capacity.
Look for ways to create something new by capitalizing on a market niche that you are uniquely qualified to fill. If you can discern how to activate your existing skill set to meet a market need, you can make that space your own in YouEconomy.
For example, Chance Glasco was the host of a very popular video game series. He grew weary after producing different versions of the same game due to a sales push. Chance recognized a niche in the tech market where he could activate his unique skills. He co-founded the company Doghead Simulations, which combines teleconferencing technology and virtual reality. He took control of a new space when he realized that virtual reality was making great strides in the social space, but teleconferencing had no rights to claim in this industry yet. By marrying these two concepts together, Chance activated its skills in a new capacity and was able to leave its corporate position to conquer a niche in the market.
Consider the following when considering the location of your slot:
Take stock of your existing skills. In what ways could you activate your existing knowledge and expertise differently than you do now?
Where is there a crossover between what you do now and niches you can identify in the market?
How could you recondition your abilities to create something new?
2. Be ready to accelerate.
To succeed in YouEconomy, you must act quickly. Stimulating into action can be tricky because it involves intuition and creating meaning so you can turn on a dime. Accelerating means you are making your own connections and projections.
Looking at the market and recognizing unique opportunities is a waste of effort if you spend too much time in planning mode and miss the opportunity to come up with ideas . Remember that you will be turning, changing and correcting the course along the way. There's no perfect way to speed up, just get moving.
3. Embrace experiential learning.
The YouEconomy is changing rapidly, so you don't have time to earn a specialist degree every time you need to make a change, and you certainly can't take time free to go with each new formation that arrives on the scene. You will have to learn on the fly, which means embracing experiential learning.
Quoted by McKinsey &Company as what most change programs lack, keeping up with an ever-changing work environment means transforming your training experiences. To do this, you need to be intentional about finding experiences that will fill your knowledge gaps and help you grow.
The YouEconomy isn't going anywhere. The strategies above will give you an edge over the competition and ensure you survive and thrive in rapid change.
Related: 5 ways to make a name for yourself in YouEconomy
